Principal U.S. Mega-Cap ETF $USMC Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,153,564 shares of the company’s stock after selling 1,148,280 shares during the quarter. Principal U.S. Mega-Cap ETF accounts for approximately 1.0% of Principal Financial Group Inc.’s holdings, making the stock its 13th largest position. Principal Financial Group Inc. owned approximately 0.67% of Principal U.S. Mega-Cap ETF worth $1,939,979,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Citizens Financial Group Inc. RI increased its stake in Principal U.S. Mega-Cap ETF by 2.9% during the 1st quarter. Citizens Financial Group Inc. RI now owns 16,198 shares of the company’s stock valued at $1,042,000 after buying an additional 464 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the 1st quarter worth approximately $80,000. Greenwood Capital Associates LLC lifted its stake in shares of Principal U.S. Mega-Cap ETF by 14.8% in the 1st quarter. Greenwood Capital Associates LLC now owns 35,210 shares of the company’s stock worth $2,264,000 after acquiring an additional 4,552 shares during the period. Virtu Financial LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 509.5% in the fourth quarter. Virtu Financial LLC now owns 22,824 shares of the company’s stock valued at $1,562,000 after acquiring an additional 19,079 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Principal U.S. Mega-Cap ETF in the fourth quarter valued at approximately $9,136,000.

Principal U.S. Mega-Cap ETF Price Performance

NASDAQ USMC opened at $74.22 on Tuesday. Principal U.S. Mega-Cap ETF has a 12 month low of $61.92 and a 12 month high of $74.78. The firm has a market capitalization of $3.57 billion, a PE ratio of 27.59 and a beta of 0.95. The company’s 50 day simple moving average is $73.27 and its 200 day simple moving average is $69.39.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.139 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Principal U.S. Mega-Cap ETF Profile

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.